Oasis Management Co Ltd. Has $6.07 Million Holdings in Qfin Holdings Inc. – Sponsored ADR $QFIN

Oasis Management Co Ltd. increased its holdings in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 20.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,755 shares of the company’s stock after acquiring an additional 53,858 shares during the period. Qfin comprises 0.4% of Oasis Management Co Ltd.’s investment portfolio, making the stock its 23rd biggest holding. Oasis Management Co Ltd. owned 0.22% of Qfin worth $6,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in shares of Qfin by 184.2% in the 4th quarter. Quadrant Capital Group LLC now owns 20,161 shares of the company’s stock worth $389,000 after acquiring an additional 13,066 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Qfin by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,988,999 shares of the company’s stock worth $38,350,000 after acquiring an additional 176,754 shares during the last quarter. M&G PLC acquired a new stake in shares of Qfin in the 4th quarter worth about $13,331,000. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Qfin by 5.4% in the 4th quarter. Lansforsakringar Fondforvaltning AB publ now owns 19,600 shares of the company’s stock worth $378,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Qfin by 15.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 93,031 shares of the company’s stock worth $1,793,000 after acquiring an additional 12,222 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

Insider Transactions at Qfin

In other news, Director Xiaohuan Chen acquired 4,000 shares of Qfin stock in a transaction on Tuesday, June 9th. The stock was acquired at an average cost of $14.41 per share, with a total value of $57,640.00. Following the transaction, the director owned 19,000 shares of the company’s stock, valued at approximately $273,790. This trade represents a 26.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Bank of America restated a “neutral” rating and issued a $15.33 target price on shares of Qfin in a report on Wednesday, May 27th. Finally, Jefferies Financial Group reduced their price objective on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Qfin presently has a consensus rating of “Reduce” and a consensus price target of $19.91.

Qfin Trading Up 2.7%

Shares of QFIN stock opened at $15.40 on Friday. Qfin Holdings Inc. – Sponsored ADR has a 52-week low of $11.31 and a 52-week high of $46.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22. The company has a 50-day simple moving average of $13.73 and a two-hundred day simple moving average of $15.61. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 2.82, a PEG ratio of 0.28 and a beta of 0.61.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings data on Friday, May 15th. The company reported $1.12 earnings per share (EPS) for the quarter. Qfin had a net margin of 27.48% and a return on equity of 20.85%. The business had revenue of $567.01 million during the quarter. Research analysts anticipate that Qfin Holdings Inc. – Sponsored ADR will post 3.79 EPS for the current fiscal year.

Qfin Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 22nd were given a $0.78 dividend. This represents a yield of 1,176.0%. The ex-dividend date of this dividend was Wednesday, April 22nd. Qfin’s dividend payout ratio is presently 28.21%.

Qfin Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.